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ECS Fin Swift Service Bureau

Global connectivity for financial transactions for banks and corporations

With the rise of global connectivity, the modern financial landscape is constantly looking for new ways to achieve rapid growth and gain a competitive advantage. This often involves integrating with the communication interfaces and channels of multiple banks, corporations, and financial institutions. As a result, there is a growing need to streamline the connectivity processes involved in these integrations.

Access to the Swift network enables organizations to reduce the resources invested in establishing connections with counterparties. However, approximately 7 out of 10 financial institutions and corporations prefer Service Bureaus due to the swift, cost-effective access they offer compared to maintaining their own Swift connectivity infrastructure.

ECS Swift Services is a Certified Swift Service Bureau and is listed in Swift’s Directory of Shared Infrastructure providers. Our solution enables you to securely connect your payment, messaging, and treasury solutions to all financial partners through Swift or other exchanges and networks. By utilizing our service bureau, you can reduce costs by 60% to 70%.

Why do you need to have a Swift Service Bureau?

A Swift Service Bureau (SSB) can act as an external provider, handling connectivity, administrative needs, and risk management. By partnering with a service bureau, you can access additional resources without having to develop these skills in-house, allowing you to focus on your core competencies.

How can the ECS Fin Swift Service Bureau help you?

ECS Fin is a Swift platform partner and Swift Business Connect provider. With ECS Swift Services, you can outsource the management of your Swift connectivity with banks, corporates, and securities in a reliable, secure, and cost-effective manner. You can save up to 60-70% on the total cost of ownership. Improve your operational performance, speed up your market response time, and reduce your operational and compliance risks with our Premier Swift certified Service Bureau.

Your trusted partner:

30+ customers using our SSB

13.2M Total transactions per year

2.5M Issuing processing transactions per year

10.7M Acquiring processing transactions per year

Let’s walk through the perks of our Swift Service Bureau services

Minimise administrative costs:

We help reduce operational-related expenses by managing your connectivity and administrative requirements as a service. This allows us to increase savings in areas directly contributing to growth.

Automation and increased straight-through processing (STP) rate

Domestic and
cross-border
exchange

Standardization – Common language and model for payments data across the globe – Structured, defined and standardized messaging data: ISO 15022 = message type (MT) and ISO 20022 = XML message (MX)

Optimal Security Standards:

ECS’ Swift Service Bureau is widely recognized for maintaining the highest standards of security and reliability. We operate a centralized and secure gateway that harnesses the latest technology, skilled personnel, and efficient processes to facilitate secure communication of financial messages such as securities settlement instructions, payments, bank statements, and foreign exchange transactions. We can help you assess your degree of compliance with the Swift CSP mandatory and advisory controls that apply to your infrastructure.

Access control

Security controls through the Customer Security Controls Framework (CSCF): Customer Security Program (CSP) and Shared Infrastructure Program (SIP)

Detect and respond to designs to counteract threats.

Transform Data into real-time insights:

Our SSB captures data from multiple systems seamlessly without any connectivity impediment. It also stores copies of incoming and outgoing data for accountability purposes, as well as to audit and extract the required data in the desired format for authorized users whenever needed. It serves as a reliable and centralized source of current and historical data, ensuring continuous access for those who require it.

Enhanced transparency and accountability through heightened visibility.

Ad hoc Reporting to create reports and schedule them for automatic delivery.

Streamlined data access through resilient search techniques and advanced business intelligence.

Single Gateway for API-based services:

The ECS SSB services present a unified solution, acting as a singular gateway that streamlines API-based connections on the Swift platform. This consolidation eliminates the necessity for individual integration endeavors for each new service, simplifying the overall integration process. With the Micro gateway, users have complete control over the configuration, management, and monitoring of all API interactions within the Swift ecosystem.

In addition to serving as a Swift Service Bureau (SSB), ECS Fin provides customers with access to Swift’s messaging APIs via the Alliance Cloud platform. Here’s why this offering is advantageous:

Low Total Cost of Ownership:

Alliance Cloud, managed by Swift, reduces internal infrastructure, maintenance, and resource requirements, resulting in cost-effectiveness for customers.

Single Point of Access:

Alliance Cloud connects users to over 11,000 financial institutions across 200+ territories, providing a unified gateway to Swift's comprehensive suite of services.

Superior User Experience:

The platform offers an intuitive interface, guaranteeing a seamless experience across all Swift services, enhancing usability for customers.

Flexible Workflows:

Configurable workflows provide users with full control over message processing. This includes efficient routing and investigation capabilities facilitated by features such as message tagging, ensuring streamlined operations.

Bottomline

Financial institutions, corporations, and banks are constantly seeking innovative ways to accelerate their growth and stay ahead in today’s dynamic and competitive financial landscape. Embracing a Swift Service Bureau can be a strategic ally in this endeavor, providing bespoke solutions that streamline operations, enhance efficiency, and serve as a driving force for sustained growth. Additionally, we help financial institutions maintain the integrity of the larger financial network by keeping their cyber-security defenses up-to-date and effective.

ECS’ premier Swift Certified Service Bureau offers a wide range of features and services aimed at enhancing efficiency, streamlining operations, and fostering growth. Through the provision of Alliance Cloud, ECS Fin enables customers to effortlessly access Swift connectivity and services with simplified onboarding processes and minimal maintenance requirements. This eliminates the necessity for Swift training, USB tokens, or certificates. Furthermore, ECS takes charge of managing your RMA requests and counterparty requests around the clock, ensuring uninterrupted service. Additionally, ECS handles PKI management tasks such as creating, deleting, renewing, and recovering Swift PKI security officer and FIN certificates, providing comprehensive support to meet your security needs.

Let’s collaborate to help you streamline processes and achieve cost savings.
Make decisions that propel you ahead of the curve!.

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